Archive for the ‘Tax Havens’ Category

How Brexit Would Destroy World

May 12, 2016

Cameron goes on with his “Corruption Summit” in London. As if nobody knew already that London was a summit of corruption. The Nigerian president, sitting on Cameron’s left, calmly asked for the return of the billions of stolen Nigerian assets which Great Britain has stolen.

Is that Nigerian, to quote PM Cameron, “fantastically corrupt”? Does not he understand, with his tiny African mind, that Great Britain is very great, and rich, thanks to trillions and trillions and trillions of stolen property from savage countries not worthy of the Great British civilization? Watch “The Economist”, the great Great British economic magazine, always giving economy lessons to the whole world, while shipping all its profits to tax haven Luxembourg, to start with. This reminds me of when Britain was importing food from India, while India starved.

Another of Cameron’s effrontery is his “Brexit” referendum, or whether Great Britain should leave the European Union. “Brexit” is the exit of Britain from the EU. For the second time, Britain is voting in a referendum about whether it should be in the European Union. Why not to hold one whether Great Britain should be a member of the United Nations? As I will show, the question is not in jest. Brexit is a referendum about whether Great Britain should exist.

The Idiot Can Jump Out, To Be Torn Apart, The EU Will Fly Better Than Ever

The Idiot Can Jump Out, To Be Torn Apart, The EU Will Fly Better Than Ever

The first British referendum about whether Britain was in Europe, or in America, did not matter. The French government had consented to let Britain in, after blocking it for decades: that was the only thing which mattered. This time the stakes are completely different.

Specious liars will point out that the expression “European Community” (EC) was then used, instead of “European Union” (EU). This is a distinction without a difference; the concept of “ever closer union” was the fundamental concept of the European Community. The whole idea was to make a European war impossible in the future, something to which the Germans and the French felt, and feel, very strongly about. And it’s not just them: there is another one hundred million people living in the area in between or immediately around Franco-Germania.

Charlemagne’s empire covered France (including Belgium and the Netherlands), Germany, Italy, liberated Spain, and their satellites (Chechia, Austria, Switzerland, much of Poland, etc.). Some, ignorant of real history, may scoff, and say this was just Charlemagne. Not so: the Franks controlled most of Germany from the Sixth Century. The Franks played a strange game with the Pope, using the hated Lombards for leverage, until the Pope thoroughly surrendered (after Charles Martel nationalized the Church, and was NOT excommunicated for it). Then they conquered Italy (before Charlemagne). Finally it’s officially the Franks who extirpated slavery from liberated Britannia in 1066 CE (as the Anglo-Saxon realms in Britain were fundamentally unlawful invasions of Britannia).

The problem with Brexit is not what it will do to the European Union: the EU will do better without a obfuscating, obstructing, fiscally cheating, plutocratically plotting “Great” Britain playing Trojan Horse for global corruptocracy.

Brexit Is A Mental Illness Of Old Idiots Affected Gravely By Encroaching Senility

Brexit Is A Mental Illness Of Old Idiots Affected Gravely By Encroaching Senility

Once the British brats and obsequious servants of global corruptocrats are safely out of the European conference rooms, the grown-ups (Franco-Germania and its satellites) will be able to take the right decisions which are urgently needed.

(Right now, the French are letting Merkel run the European show: according to French socialist president Hollande, there are no disagreements with the conservative German chancellor. A 36 year old punk with red hair and horse teeth, the very cute Lea Salame’, called Hollande a liar about that, to his face, but that’s what happen when one runs a celebrity society. Cute Lea is a star, so she does not need a brain, and can say whatever looks good in the instant.)

A sobering Great Britain will stand outside, all conference rooms. It will take orders, from the EU, just as Switzerland does (through more than 600 bilateral treaties). A difference is that Switzerland is loved by France, Germany and Italy. Switzerland is not just 10% of Germany’s size: its French part is more French than it is attached to its own “German” part. I understand German, but not really Switzerdeutsch. The French spoken by the Swiss is standard French.

So Great Britain, should it Brexit, would be struck by at least ten years of lawsuits. One sixth of British law is pure European law. London is one of the largest French cities (4% of London is French).

Scotland and Wales will immediately vote to keep European law and exit Britain. The argument used by Brussels that Scotland as an independent nation would have to apply to the EU would become vacuous.

Scotland would probably not leave the EU, avoiding an awkward situation such as Albania getting into the EU, while Edinburgh and Glasgow are outside (Albania, a “francophone” country is pushing hard to get in the EU, in part thanks to its president, a perfect francophone; I approve this motion, and not just because it will make president Donald Trump laugh).

The problem with Brexit is mostly what it will do to world peace (no, I am not trying to be funny!)

Indeed, Scotland has made very clear it did not want the “British” nuclear fleet, the only deterrent Britain has. Emergency plans call on sheltering the nuclear fleet in… France (England has no appropriate deep ports).

Moreover, Britain would lose one third of its territory, once Scotland decides to stay inside the EU.

So what of the British permanent seat at the United Nations Security Council (UNSC)?

It would go. And so would the United Nations’ fundamental organization. Once “Britain”, having disappeared, is out of the UNSC, a pandemonium may ensue.

Notice that Obama, at the last moment, told the French he was not attacking Assad, because he had got cold feet from the British refusal to strike (Assad’s family is a  major plutocratic organization, thus a British sacred cow). Obama himself said it. Cold feet. The French pilots were already in their seats.

Britain’s surrender to plutocracy is indeed a major threat to world peace. Cameron talks corruption, but it starts with the minds. Voting about whether Britain is in Europe, is a complete idiocy, the intoxicating fruit of minds corrupted by a corrupt system.

Patrice Ayme’

On The Insolence, & Power, of Plutocrats

February 18, 2016

The American NSA and French intelligence have agreed that the Paris attacks were made possible by unbreakable phone encryption. Their preparations would have been detected otherwise, as they involved communications between a number of countries and were prepared proximally from Belgium.

Apple Inc, whose boss is a dark clad plutocrat named Cook has refused, in spite of a judge’s order to allow the FBI to know the secrets inside Islamist State (inspired) terrorists in San Bernardino, California, who killed many.

The insolence, and impudence, of plutocrats knows no bounds.

Disunion Jack? Nice Flag, Too Bad The Craziness

Disunion Jack? Nice Flag, Too Bad The Craziness

Let me remind plutocrats that we have not yet formally switched to… plutocracy. They don’t command.

Apparently Apple believes it is Big Brother. But who elected them? Money? The State is supposed to represent We The People. Maybe the present state does not do this well, but then it can be modified. Putting plutocrats and tax avoiding ultra wealthy corporations in charge, is no solution.

By protecting the communications of mass murderers, Apple Inc. has clearly gone off the deep end.

In other news, a European conference among the principals is doing “all it can” (“Alles tun” said Frau Kanzler Merkel) to keep Great Britain in the EU. Well, Europe may be better without British obstruction and day-dreaming. Many of the English who fear Europe are typically losers who drank the imperial kool aid of an empire which is no more. The empire, now, however weak, is Europe, not the British empire.

Fear what you ask for. The problem of the millions of Brits who live outside of the United Kingdom and who would be left stranded by “Brexit” is easy to solve: they should be given expeditious ways to acquire the citizenship of their country of residence.

Thus a British citizen whose family lives in France, and who works in London should be offered French citizenship, and Great Britain forced to accept the same sort of treaties that France has with Switzerland.

The latest polls give 54% for Brexit, the British Exit. PM Cameron thunders that his intent is clear: to stay inside the European Union. Then why the vote in 127 days? It’s not like the Brits did not already vote. They did, at 67%. Everybody is angry against the European Commission in Brussels. Well, then, fix it.

But behaving as if Britain, or, more exactly, England, could set sail to somewhere southeast of New Zealand is beyond grotesque.

And how did we get there? The plutocrats who increasingly rule Britain, just as those who rule the USA, or the world (they are all the same), continually accuse the European Commission in Brussels of malfeasance… to hide their own. The EC is just the executive arm of the EU, and it is increasingly directed by the European Parliament, let alone the continual meetings of the European elected leaders with each other (as they are doing today with the British case). The EC has tended to bother cheese makers, rather than the plutocrats who pull the strings. This can all, and should be, fixed.

Countless plutocratic corporations, including Apple, have avoided taxation, and the EC has let it happen all too long. It just woke up to the fact IKEA forgot to pay a billion Euros in taxes. Well…

All what the plutocratic corporations tend to do is to bog down society in useless years of litigation against democracy. Apple Inc. wants to protect dead terrorists, and the psycho plots of plutocrats would only bring years of litigation between the EU and the UK, and between Brits and their own government, all this to end with an independent Scotland joining the EU, while England finds it does not enjoy the affection Switzerland got through 600 treaties with the EU… However, lunacy is the best way for the mighty to lead We The People by the nose.

A great part of English wealth, at this point, comes precisely from immigration of other Europeans to Britain, and, even more, from Franco-Germania closing its collective eyes to the general tax evasion and financial manipulations centered on London, while it profits of a nebulous galaxy of semi-dominions such as the isles of Man, and Jersey, or the British Virgin islands, or making financial conspiracies so dark and outrageous, that they are unlawful in New York. If Brexit happens, don’t expect that Franco-Germania will tolerate it anymore.

And this is why, precisely, and unfortunately, Brexit will not happen. I guess. But the law of unfortunate consequences all too often rules. Norway, or Switzerland, are not members of the European Union (although they are members of Schengen, the passport free area, which the UK does not belong to). However, they both contribute to the European Union budget. The fools who will vote for Britain to get out of the EU do not seem to realize this: Norway and Switzerland are still in Europe, and have to make do with the European superpower (Franco-Germania). Brexit will make Franco-Germania stronger, and thus Britain weaker (projections are that the UK will lose 3% of GDP, Germany, just .3%).

Well, whatever. The Europe empire, the ability of Europeans to command to the crooks of giant corporations, has to rise. English plutocracy is in the way: sweep it out there, and make compost with it.

NSA ought to be under WE THE PEOPLE’s Command (Imperium in Latin). That is not, is extremely deplorable. But it has to be fixed. Snowden should not perhaps get the Order of Merit, fleeing to Putin and what not, but some of what it did is extremely important, and commendable.

Apple has amply demonstrated, that, in spirit, it’s not just plutocratic (Crook is filthy rich), but an outlaw (literally). Apple outlawed profit processing, & that of other pluto corporations, depends upon total secrecy in how it makes money circulate thru filth. We The People can only rule if we can see what the criminals are plotting. Apple, and its ilk, have for business model, though, secrecy. To escape taxes, pay politicians serving them, violating the spirit of the law, and trampling human rights by feeding inequality to the point of inequity… Plus selling personal information, and manipulating public opinion to the point of madness (see the Iraq invasion, the inability of people to comprehend that the Clintons sold them to financiers, the sleight of hand of the 2008 crash, when Transfer of Assets to Rich People was effected, Brexit, etc.).

We The People should have every right in the world to extend the tendrils of surveillance all over. OUR surveillance, under OUR watch. It’s now technically possible, having access to Uranium ore, to make a nuclear bomb in a basement (with laser separation). Let alone make ricin in a tiny lab, etc… Actually since 9/11, the water networks, in countries such as France are watched exquisitely.

Immense powers require now immense surveillance, and we should start with spying all the phones of all the plutocratic corporations, to find out where they hid all the money, they stole from us, and who they pay, among our so-called leaders who are busy bossing us around, and spying on us illegally.

Plutocracy without secrecy is an apple without cyanide: not lethal, delicious to eat. The secret of Brexit: a plutocratic plot so twisted it is turning into its own demise.

We live in a wonderful world: everyday our power on the physical world augments. But that means the power of corporations, and of the richest, augments ever more. We have to watch them carefully to check they are not violating the spirit of the laws. And the same goes for individuals. Freedom and surveillance are two aspects of the same coin.

Surveillance is a direct consequence of the advancement of technology, and, thus, of liberty. Liberty means power, power means surveillance.

Patrice  Ayme’

Global Corruption Mood

January 14, 2016

Corruption is not just a practice, but a mood, and it reaches heavens, when it’s made legal. Examples, especially global examples, set global moods.

An idiotic president spent his presidency visiting with plutocrats, begging them for money. A consequence of this highest example of triumphant corruption? The World Anti-Doping Agency (WADA) is now delving further into corruption and doping in the world of international athletics.

Who is leading the charge against corruption? The usual suspect. The French Republic. In Munich, Germany, Thursday january 14 “the criminal investigations into the IAAF (International Association of Athletics Federations) and its independent commissioner turned over information to the French prosecutor’s office” the Canadian reporting to WADA, McLaren, revealed.

Great Perspectives Elevate Moods. Base Examples, Lower Them. Mount Olympus, 2917 Meters, Greek Gods’ Heavens

Great Perspectives Elevate Moods. Base Examples, Lower Them. Mount Olympus, 2917 Meters, Greek Gods’ Heavens

It’s the second set of findings by the commission established by WADA. The first report released in November stunned the world of athletics by daring to reveal widespread, systematic doping in Russia, including the involvement of some employees of the Russian government. (Left unsaid was that, just looking at their results, countries such as the UK, USA, and Jamaica are just as drugged out as Russia is.)

Olympus gave its name to Olympia, where the Olympic games were held every four years, starting in 776 BCE. Olympia is actually in the Western Penepolese, a gigantic mountainous peninsula, far from Olympus in Northern Greece. So what’s the connection? Elevation of the human character, the will to come closer to the gods. Ancient athletes got no reward, but only symbolic ones, such as a crown of laurel.

Today’s Olympic athletes are only Olympic in name. Just like prostitutes they are led by greed to do what is too shameful, or even too illegal, to talk about. Including destroying their own lives through drug addiction, just to roll in dough.

In this hell, the elected politicians stand even lower. They have no shame, and have rendered legal all they do. [Although I make an exception for those who really fight for ideals, like politicians who campaign for socialized, or single payer medicine in the USA, such as Bernie Sanders, or against plutocrats, Sanders again. (And also the one whose name shall not be said.); or Catalan independentists, etc.]

IAAF suspended Russian athletes from international track and field competition. The question of whether they will be authorized to take part in the Rio Olympics is in the air.

The report brought a series of resignations of IAAF officials, including anti-doping director Gabriel Dolle and IAAF president Lamine Diack. Diack was jailed and is facing corruption and money laundering charges in France. Diack is accused of taking more than $1.55 million in bribes and taking money from athletes to cover up positive doping tests.

Diack’s sons were also paid by IAAF. One was convoked by French justice, but fled to Africa. France issued an Interpol warrant of arrest against him on Tuesday.

This is the sort of things, ladies and gentlemen, why global plutocracy hates France: France considers herself as the holder, beholder and defender of world justice.

What’s next? France issuing warrant of arrest against ALL international criminals? Will plutocrats be immune no more? Is France going to arrest all what makes London worthy, or, more exactly, expensive?

In the Swiss Canton of Ticino, Tessin, 24 global textile firms established themselves in the last two decades. Including North Face, Boss, Armani, Gucci, Versaci, countless Italian fashion houses, etc. The textile sector has become the main contributor to Ticino/Tessin taxes.

However their rate of imposition are kept secret. This sort of corruption is legal. However, it’s high time to put this sort of politicians and civil servants in jail. They often have, like El Chapo, the Mexican drug lord, the support of the local population. They are not any better.

Why not any better? Because by undermining the global tax base, they weaken global law enforcement, thus civilization, driving people crazy, and they turn to drugs to forget the whole mess. At some point, one will have to use force.

In Ticino, or Tessin, in the year 2012, the company formerly known as Pinault-Printemps-Redoute, headed by Pinault, one of the world’s top plutocrats, maybe the richest person in Europe, and who, showing up at the Elysee Palace could ask all present, including the so-called “President” to sit and stand-up, at will. Again and again. Of course, it won’t happen. It would break the Orwellian spell the Commons have been plunged into.

So Pinault the would-be Satanic changed the name of its tool: invisibility is one of Pluto’s assets. Changing names confuse critics. Instead of calling it as it was known, he called it “Kering”. Sounds seriously German, as serious as Volkswagen. Kering owns Gucci, Alexander McQueen, Volcom, Stella McCartney, Puma, etc.

An NGO got its hand on Kering’s accounting, and just revealed it. Kering has 600 employees in Switzerland. They make 70% of Kering’s profits (as least so Satan Pinault claims). In the rest of the world, Kering has 30,400 employees: they make only 30% of Kering’s profits. Making the computation, a Swiss employee makes 1.6 million Swiss Francs (roughly 1.6 million US dollars), and the average employee in the rest of the world, the thirty thousands, makes less than 14,000 dollars of profits. So a Swiss Kering worker makes more than a thousand times more profit than a Non-Swiss employee. They claim. And remember: we don’t know how small the taxes are on Pinault’s supposedly Swiss property. So instead of the French Pinault being taxed in France, or the rest of the world, he is “taxed” where there are no taxes. And the criminal ambles the world of the powerful, more powerful than them all, showing up at Davos, to plot with the other criminals. Hey, it was good to destroy completely the primary forest of Ivory Coast (thus spawning civil war there, when the economy tanked, as a result).

As the French magazine L’Express noted in 1986, “Bernard-Henri Lévy went all-out for his father. Did he intervene with presidential counselors to use the presidency’s African contacts to bump up the Ivory Coast’s debts to Bécob to top priority? BHL denies this intervention. However, he admits having contacted [then-PS Economy Minister] Pierre Bérégovoy to help his father.” Lévy also looked for help with the conservatives around Jacques Chirac, then mayor of Paris, and ultimately got an advantageous state loan after the personal intervention of President François Mitterrand.

Lévy’s firm also obtained an advantageous loan from François Pinault, a Gaullist politician, luxury firm executive, and today the 67th richest man in the world with a fortune of $11.5 billion.

Given Pinault’s bad reputation in business circles and his ties to far-right figures like Jean-Marie Le Chevallier and neo-fascist National Front leader Jean-Marie Le Pen, L’Express notes, “Helping Bernard-Henri Lévy, a star of the intellectual left and leader of an already substantial network in publishing and media circles, was perhaps not such a stupid move. … The theory of a gesture by Pinault to win over BHL matches well, in any case, with subsequent developments: the turn of the [Pinault] group towards cultural industries and the birth of a ‘great friendship’ with Bernard.”

That was then. Now Pinault is much wealthier. Much powerful. By next year, he can ask Obama to lick his toes. In private.

Fiscal “optimization” has absolutely to stop. If nothing else, it’s weakening the West top military powers in their military capability. This is clear in Britain and France. (In the USA, the corruption affects military procurement: see the F35 scandalous catastrophe.)

But I am sure many officials in Ticino live very well, and, just as Nancy Pelosi only ever earned at most 160,000 dollars a year, her great leftism and democratism insures that Pelosi has now a personal fortune “between $42.4 million and $199.5 million in assets in 2013, which was enough for Bloomberg Business to deem her the richest member of House leadership from either party. By 2014, she and her husband, investment banker Paul Pelosi, were doing even better: She reported between $43.4 million and $202 million in assets”.

A report from Associated Press indicated that six years ago the IAAF knew of the widespread doping. Two internal IAAF papers before the London Olympics proposed not publishing doping sanctions for lesser-known Russians. Other officials claimed the IAAF was “one of the largest criminal organizations ever revealed”. Although some insisted that FIFA was still in the lead in that horse race.

In these matters, as in many others, the self-declared leading country leads. Obama just explained in his SOTU that the world wanted the USA to lead. Maybe it’s the world of the corrupted, corrupting global plutocrats which wants the USA to lead. In the USA many completely unethical practices, such as mass concussions for the youth, to serve “bread and circuses”, and make the youth unthinking, are perfectly legal.

Many so-called universities, “prestigious”, “excellent” and all that, get most of the profits from…concussion sports, with thoroughly drugged out young athletes (as shown by their dismally short lifespans). Is not that a new sort of slavery?

If the French prosecute, and jail them all, no doubt, after a while that the dreadful examples coming from the other side of the Atlantic will have to be put to the question.

Want to put a stop to the preceding? Campaign and vote for Senator Bernie Sanders, Clinton’s opponent. Although not the far left “populist” plutocratic media claims he is (him and Donald Trump!) Sanders, differently from the Obama, I helped so much eight years ago, is a known quantity in politics with an extremely long track record (yes Bernie likes guns and the F35… But he has to, as the Senior Senator from Vermont, a state heavily in guns and the F35). On the record both “populists” are very much against the tax advantages given to world’s richest people. Sanders is no doubt sincere. And Trump changes the mood, by condemning vigorously the practice (which Klingonic Clinton condones).

Clinton got $600,000 in speaking fees from Goldman Sachs is one year. G-S is an investment bank who got $60 billion from Obama in 2009… Goldman Sachs paid 5 billion dollars in fine for breaking the law. Not one G-S executives was prosecuted while kids who smoke pot go to jail. I have long condemned such facts. Now B. Sanders talk about them. They have to be carefully considered.

Clinton’s reply? Clinton accused Sanders of wanting to “start a contentious debate on healthcare, repel Obamacare”. All lies. Sanders wants MEDICARE FOR ALL.

Changing moods is the most fundamental step to take towards a necessary re-evolution. Yes, some of the world’s wealthiest, most powerful men, are the most corrupt. They are like the stem cells of a metastatic cancer of worldwide corruption. What happens in sports is just symptomatic. The stem cells of worldwide corruption have to be extirpated. Time to tax them, with more than taxes. Contempt should be high on the list, and the awareness than their behavior entails major capital crimes, not just ecological devastation.

Patrice Ayme’

Trumped: Hillaryously Cruzing To Hell

December 24, 2015

Trumped by the hilarious Hillary Clinton, the USA may be cruising towards Ted Cruz:

Looking at the possible future presidents of the USA, one is left with nervous ticks. The only one I like is Senator Sanders. Contrarily to his reputation of wild radical, he is anything but. Long time Senator of Vermont, Sanders supports the availability of guns so Americans can shoot each other, a fundamental right, and Sanders supports the F35, the most expensive, corrupt military project ever (it’s a flying Maginot Line, except the Maginot Line worked, and the F 35 does not).

Sanders: “I want to end the international embarrassment of the United States of America being the only major country on Earth that doesn’t guarantee healthcare to all people as a right, not a privilege.”

Clinton, second greatest recipient as a Senator behind Rick Santorum, of health care industry dollars, of course, is using weasel concept (“we have to be careful, how can we afford it?”) to sustain the health care plutocracy, one of her main supports. Fortunately, God, or Satan, whoever rules heavens, has a direct line to a much more inspired candidate:

Senator Ted Cruz Does Not Need The Message From The Messenger Muhammad, He Has God In His Head

Senator Ted Cruz Does Not Need The Message From The Messenger Muhammad, He Has God In His Head

Muhammad said he had a vision, in the desert, and a professional Christian monk, cousin from Muhammad’s very rich first wife, told him that he had encountered Archangel Gabriel. Muhammad was not going to contradict an expert. Now, in 2016, Americans will have the opportunity to elect the new Archangel Ted. It cannot be an accident that His name means “Cross”.

Now, craftily, Cruz propagandists say that Ted Cruz may never have said such a thing. Exactly. Instead he said it in bits and pieces: “Any president who doesn’t begin every day on his knees isn’t fit to be commander-in-chief of this country… I am blessed to receive a word from God every day in receiving the scriptures and reading the scriptures. And God speaks through the Bible.” Cruz presents himself as the Christ specialist: “will simply show up and vote our values, we’ll turn this country around. We can turn our country around, but only if the body of Christ rises up.”

Divine Justice: Health Care, Ted Cruz's Style

Divine Justice: Health Care, Ted Cruz’s Style

Cruz was booed off the stage for his frantic support for Israel. He accused those who disagreed of being “consumed with hate” concluding, “If you will not stand with Israel and the Jews, then I will not stand with you.” I guess Cruz is not bringing back the Inquisition any time soon.

All the other candidates to the presidential election are caricatures from the Dark Side.

To recapitulate: in the 1990s, president Clinton, an ignorant, yet conniving schmoozer who used empathy as a weapon of mass domination, followed the orders he got from Robert Rubin and Larry Summers, and “deregulated” finance. Basically Clinton took all the work from President Roosevelt on finance, and flushed it down the toilet of history. Financiers were given carte blanche to do whatever they pleased.

On the other hand, Clinton “never had sex with that woman“. At least before DNA.

Now Hillary Clinton, who declared herself “broke” after the presidency (imagine: everything is paid for you, and then one gets a measly 450,000 dollar tip on top of that!), is the proud owner of at least 50 million dollars (just in case she has a problem remembering her “friends” when she becomes president). Hilarious Hillary repeated the far right talking points against single payer health insurance which both Sanders and Trump favor, attracting the furor of the health care plutocrats (apparently Obama got 350 million dollars from them in 2008).

To understand Clintonphobia, you have to understand that, in the existent fractional reserve banking system, private banks create money (through credit). Deregulation allowed banks and their financial accomplices to create as much money as they please, for their managers, stakeholders, and accomplices, and buy the world with it. Including politicians and administrators as found inside the USA and the EU (or Britain, or China, Russia…)

The maneuver was comparable to stealing candy from baby.

So now here we have the “dangerous” Trump perilously suggesting the USA needs single payer health insurance, or even, horror of horrors, “Socialized Health Care”, as in “Scotland”. Trump is really a horrible man, a mad man.

It goes without saying that the pseudo-left, the so-called “liberal with a conscience” are hysterical against Trump. Gee, with Obamacare, 30 million go without health insurance, and prices of drugs keep on creeping up (+ 4.5% last year). That’s all real progress, sing the likes of Krugman from the rooftops, while watching little students below pay $70,000 dollars to listen to the great masters of the dark art of economics…

While the “left” focuses its ire on Trump, it feels ready to accept anybody-but-Trump. This fostering of the mood of anybody-but-Trump fosters whom plutocracy much prefer. Not a traitor like Trump, but an obsequious servant.

Senator Ted Cruz says worse than Trump, calmly, and much more crazy, but nobody notices… Aside from the likes of Goldman Sachs. Ted has made already 4 million dollars. Having his wife work at Goldman Sachs cannot hurt.

Senator Ted Cruz makes Trump sound reasonable

Glenn Andrews: I was thinking exactly the same thing. It Trump were elected, other world leaders might detest him but they would at least understand what he was. With Cruz, they would be left scratching their heads.

So what is going on at this point? Cruz says that talking to god in one’s head is fine, and, by looking most reasonable, advocating this, he advertises the very mood which makes Literal Islam, and crazed out Christianism strong. Cruz makes jihadism honorable. Hillary Clinton, not to be undone, said that Trump was helping the Islamist State. Trump responded strongly to Clinton’s debate statements over the weekend, calling her a “liar.” “It’s just another Hillary lie. She’s a liar and everybody knows that.”

Fact checkers said there was no public evidence to support the comments Clinton made during the Democratic debate on Saturday. Hillary Clinton subsequently changed her music.

Trump says socialized medicine may be the answer.

For all these years, we have listened to Obama, who basically said nothing, as he droned on, smothered by the impotence of reasonability unchained. Now we have Cruz, a new Ayatollah Khamenei, who, likes Hitler, and unlike Ayatollah Khamenei, wants to be elected, while praising god. As Cruz does this show, common Americans are told it’s OK to be crazy with god. Trump’s message is strikingly opposed: he wants to bar those crazed with god.

Plutocracy has learned to reign with decoys. In France, Marine Le Pen calls to national thoughtfulness are derided as fascism. So one does not have to debate the fact that France needs a massive devaluation of the Euro, or that some of the points of David Cameron against the present European Union constitution may be reasonable. Properly managed, Trump becomes a decoy to free the path to the major insiders of plutocracy, Hillary and Cruz.

We are hilariously cruzing towards more the same, just worse. As time goes by, the mood that plutocracy is here to stay feels ever more reasonable. Now the future president is inhabited by god. What could go wrong?

Patrice Ayme’

Le Pen Trumps Plutocracy?

December 14, 2015

At first sight the rage of the likes of the magazine “The Economist” against Trump and Le Pen is strange: after all, The Economist is on the “right”, so are the preceding two. A clue: The Economist put the preceding two in the same bag as Bernie Sanders, under the mysterious label “Populist”… I guess a “populist” is someone for the People by contrast to those who are not (the likes of “The Economist”).

My own mom accused me to be “Front National” just because the French (“far right”, not that it is clear what that means) National Front has adopted certain issues I have long held dear. For example, many countries (and not just in the West) have seen the rise of new aristocracies. ⅔ of the top French companies by market value are held by inheritance, whereas it’s only around 20% in the UK or the USA; the reason emanates directly from the tax system; and the exact same tax forces are now at work in the USA, namely the exemption of the hyper rich from taxation, and inheritance tax, with a artfully crafted loopholes and exemptions. Notice in passing that this is a case where France is more “capitalist” than the USA (contrarily to legend).

Sugar Coated Plutocracy: French Aristocracy Bond Girl & Palme d’Or: Most Of French Power Is Held By Dynasties: Ancien Régime All Over Again

Sugar Coated Plutocracy: French Aristocracy Bond Girl & Palme d’Or: Most Of French Power Is Held By Dynasties: Ancien Régime All Over Again

[“Léa Seydoux“, in the latest Bond movie, above, of her true name, Léa Hélène Seydoux-Fornier de Clausonne, is from an immensely rich and famous family, which has been that way, for many generations. So it is, all over French society: Sons of… and Daughters of… are those who succeed and get into the .1% of everything (singing, acting, administrating, politics, medicine, engineering, etc.). Consider the just published book “Fils de.. Filles de...”]

I guess, by that token, I am pro-Trump as Trump has embraced single payer, or even socialized health care system. In truth I am pro-truth and about issues.

Much of these outrages emanate from a political system which has embraced hero-worship, instead of issue-worship.

Hero-worship, celebritism spurns thinking. Thus a world where 97% of the convicted for serious crimes in the USA do not come in front of a jury, and are judged by non-judges… While Americans are persuaded they live in a country of justice. Or a world where a human right lawyer in China joined Marine Le Pen in being accused of “ethnic hatred” (the difference being that Le Pen is number two in French preference for president whereas the Chinese lawyer has been incarcerated for 18 months).

OK, let’s quote some of the (honorable, supposedly) USA “Republican” pundits. A raging conservative, Guy Benson, bemoans that:

“Republican voters — driven, it would seem, by Trump backers — became astonishingly supportive of (a) maintaining the Iran nuclear deal, (b) government-run and -funded healthcare, and (c) race-based affirmative action when the pollster informed respondents that those positions were held by Donald Trump, as opposed to Barack Obama.  These aren’t hypotheticals, by the way.  Follow those links, and you’ll discover that longtime Democrat Donald Trump has embraced all three liberal stances during his current presidential run. Not back when he was donating generously to Hillary Clinton and Harry Reid over the years (yes, yes, “because he’s a businessman!”), and not even more recently, when Trump was declaring his support for the wasteful “stimulus” package enacted by Obama, whom he declared had rescued the American economy; no, these are viewpoints articulated by the current iteration of Trump.  The punchline is that his supporters don’t care at all.  Trump’s Democrat-style campaign is driven by feelings and identity, not issues.  The HuffPo survey also revealed the same phenomenon at play on the other end of the spectrum, as hordes of Obama cultists reflexively tossed foundational liberal-left ideals overboard after they were told they were agreeing with Trump, versus Obama.  Can we abandon all reason and alleged principles in order to march in lockstep with an anointed political figure, or oppose a bete noir?  Yes we can. The point is that emotion-based hero worship can heavily erode afflicted parties’ previous adherence to values, ideology, and critical thinking.”

Hero-worship, what I call “Celebritism” is an increasing problem, and fully a part of the oligarchic phenomenon, itself a subset of the plutocratic mindset.

The plutocratic phenomenon does not suck out all the air from democracy, but from intelligence itself (the USA’s first billionaire, Carnegie, explained this, 130 years ago). Yet plutocrats should remember this: at some  point great vengeance is exercised (it happened even in the USA, witness president Eisenhower 93% upper margin tax rate). And history indeed shows that, at some point always, the pen trumps plutocracy

Patrice Ayme’

The Art Of Plutocracy

May 13, 2015

Paintings, and sculptures just sold for unprecedented amounts of money. In a world of deflation, “art” has been increasing in value at 12% a year. A Picasso was sold for 179 million dollars, illustrating the increasing might of plutocracy.

As I have been trying to explain, as recently as yesterday, the wrong obsessions act as cover-ups for the real levers of power (yes, the Atlantic Slave Trade was abominable, but arguably not as much as the alternative). People look at beautiful paintings, and do not realize that they are valued, not at all for themselves, but as UNTAXED CURRENCY.

Hyper expensive art is mostly about tax evasion. Not just about rising inequality.

Nice. Yet, I Can Do Just As Well, But It Would Not Be A Currency For Plutocrats

Nice. Yet, I Can Do Just As Well, But It Would Not Be A Currency For Plutocrats

One can buy a million dollar painting, pay with cash, and it’s not written down anywhere in a financial system, or documented to a tax authority. Hyper expensive art provides with tax free exchange among those who can afford it. Let’s consider the usual suspects.

In Socialist France, “art” escapes most (colossal) taxes on inheritance. As simple as that. How come the so-called “French Socialists” did not notice, nor any other French government in the last few decades? (That is similar to no USA government having noticed that the USA is the greatest tax heavens, anywhere, thanks to the enormous tax code subtleties…)

“Some people use art, especially expensive art, as a form of money laundering,” said Nouriel Roubini, famous for predicting the housing crash, and now a professor at New York University. Some people, yeah. In truth, most plutocrats use art as bin Laden’s Al Qaeda used diamonds: untraceable mean of exchange. A parallel currency, bit-coin for the haves.

It is actually even worse than that: art can be exchanged “in kind” and thus be used as an OFFICIAL NON TAXABLE CURRENCY.

(That “in kind” transactions are NOT taxable is the number one subtlety of the USA tax code system, an exquisite knowledge reserved to plutocrats and their attendants…)

And, once again: how come nobody has noticed? (Go ask the sort of “authorities” who systematically censor my comments at the New York Times… It’s not because what I say is false, or irrelevant; it’s the exact opposite: I get censored because what I say is true, and relevant. Yet dangerously destabilizing as some plutocrats told me to my face.)

Paul Krugman and associates are starting to notice this, that a certain naivety on the part of self-described “progressives” makes progressivity a joke. How can one “progress” when one does not know what is going, nor, even what has been going on?

See Krugman’s post: “Fighting For History”. By manipulating how the past is perceived, minds can be changed in the present. For example, much of American plutocracy aided and abetted Adolf Hitler and the Nazis. This is revealing upon the nature of said American plutocracy.

In 1953, the Bush family was actually paid a gigantic amount of money for managing the American-Silesian company (13 million in 1953 dollars, and that is 125 million in 2015 dollars). Adolf Hitler viewed American-Silesian as the “Reich’s most important defense company“. The Nazi dictator explained to Prescott Bush that he had to nationalize the company, but would he please stay as the excellent manager he was, as he would be fully reimbursed after the war, no matter what. (Prescott Bush had to resign in August 1942, under the pressure of the government of the USA, which nominated him to the U.S. Senate in compensation.)

Had these facts been known by the public, would it have been possible to elect any Bush to the presidency? Or the Vice-Presidency? Or allowed to head the CIA? Of course not. “Progressives” do not study history enough.

Recently organizations representing American Jews asked the French SNCF, which suffered hundreds of its employees executed at the hands of Nazis for acts of resistance, to pay reparations (for having transported Jews who were assassinated).

How come they have not asked something similar from the Bush family?

Not just because they really absolutely do not know.

But because the powers that be know that the questions one asks have to do with the power one wants.

To sort out the plutocratic art problem, the answer is the same as for Greece’s main problem. Determine who owns what, and tax accordingly. Worldwide.

Patrice Ayme’

Too Little Debt & Too Much Blood Money Kill

February 9, 2015

Dying Of Too Little Debt, and Too Much Institutionalized Crime:

Nobody Understands Debt” says Paul Krugman, and he demonstrates it in an excellent editorial. I am happy that he is finally getting black on white, what I wrote long ago. He does not put it as spectacularly as I have: at worst, debt becomes tax.

From Krugman’s description Dr. Merkel comes out as a complete fool (so it is not reassuring that she goes around the world that the Ukrainian Republic should not be sold lethal defense weapons: is she Putin’s agent?). Krugman concludes: “…if the euro does fail, here’s what should be written on its tombstone: “Died of a bad analogy.

The world economy can die of other things too, such as massive corruption under the increasing weight of global plutocracy.

The presence of more than 30,000 known tax evaders in just one subsidiary of the British bank HSBC in Switzerland alone, between 2005 and 2007, has been revealed today. The total amount of tax evasion is 180 billion euros (200 billion dollars; lower numbers were initially announce, in good disinformation style). The accounts tied to politicians, royalty, designers, sports figures, corrupt businessmen, dictators, arms industry officials, drug traffickers, and high-end criminals.

The bank actively helped customers conceal the accounts from authorities. The bank also provided customers with cash under the form of bundles of old bank notes, in various currencies so they couldn’t be traced. Organized crime, also known as banking, is in charge of creating money… as debt. (97% of money is created by banks as credit, worldwide.)

The data was “illegally” downloaded by bank employee Herve’ Falciani, who later fled to France. Falciani told CBS’s 60 Minutes Sunday night that colleagues at the bank helped him with the data.

“Friends — let’s say partners — gave me these data,” Falciani says. “I’m not the only person in banking system that wants to raise alarm.”

60 Minutes made a biased report, insisting on Falciani wearing disguises, etc. Falciani was in jail in Spain (because of an Interpol warrant for his arrest launched by Switzerland, at the British bank’s prodding) for 5 months. During that time, Spanish authorities, fearing for his life, let him appear only under a heavy disguise (“60 Minutes” did not mention that the authorities disguised him; instead, “60 Minutes” insisted that Falciani wearing a disguise reflected the general mental derangement “60 Minutes” was anxious to impart to its viewership that Falciani was suffering from! Of such little details good propaganda is made of). Falciani has now police protection in France (and I would suggest that France sends warrant of arrest against various Swiss “authorities” instead; actually what about Putin’s 40 billions residing in Switzerland…).

Many heads of states were involved in HSBC Switzerland, including the King of Morocco, who had 8 million dollars on one account alone at HSBC Suisse. Ironically enough, Moroccan law forbids foreign bank accounts. The King of Jordan had 41 million in one account.

Also several dozen major Arab plutocrats owned accounts obviously set-up to feed Bin Laden’s Al Qaeda. Terrorism can be so expensive nowadays… Plenty of accounts of HSBC could be traced to blood money.

The brother in law of the Tunisian dictator Ben Ali. Family members of the Syrian blood bathing dictator, Assad. A major woman politician from Burundi. Money from major drug traffickers, being laundered.

HSBC says that it did not know. That’s a lie: the bank called all the owners of the accounts exposed to politics “PEP” (“Politically Exposed People”).

Why don’t banksters go to prison? Say, for decades. Why, instead of asking the Greek people to pay for bankers, we don’t systematically recover all the properties of all the officers, and shareholders of all the banks which lent to Greek plutocrats? One should also expropriate said plutocrats. Let’s do it, and see what’s left… If anything.

Here is Krugman again: “Many economists, including Janet Yellen, view global economic troubles since 2008 largely as a story about “deleveraging” — a simultaneous attempt by debtors almost everywhere to reduce their liabilities. Why is deleveraging a problem? Because my spending is your income, and your spending is my income, so if everyone slashes spending at the same time, incomes go down around the world.

Or as Ms. Yellen put it in 2009, “Precautions that may be smart for individuals and firms — and indeed essential to return the economy to a normal state — nevertheless magnify the distress of the economy as a whole.”

The worst thing that can happen with national debt is that it does not get reimbursed. Then debt will act as a tax on those who had money to lend it. Not a tragedy. The failure of the Euro would be a tragedy, though.

So is sub-performing economic activity. It’s not a question of not buying enough cars, TV, pants and houses. It’s also a question of the educational system going down (so kudos to Obama for proposing to make college free… Although that just part of the problem).

What does debt do?

It augments the quantity of money on the economy while allowing greater economic activity. So, when demand is faltering, it makes demand higher than it otherwise would have been.

With all the infrastructure decaying, or proven insufficient, such as the educational system, one can only observe that more activity is needed.

A related problem is that the velocity of money has collapsed… Another indication of the insufficient economic activity.

Krugman again: “This was a prescription for slow-motion disaster. European debtors did, in fact, need to tighten their belts — but the austerity they were actually forced to impose was incredibly savage. Meanwhile, Germany and other core economies — which needed to spend more, to offset belt-tightening in the periphery — also tried to spend less. The result was to create an environment in which reducing debt ratios was impossible: Real growth slowed to a crawl, inflation fell to almost nothing and outright deflation has taken hold in the worst-hit nations.

Suffering voters put up with this policy disaster for a remarkably long time, believing in the promises of the elite that they would soon see their sacrifices rewarded. But as the pain went on and on, with no visible progress, radicalization was inevitable.”

Radicalization? It looks more like Enlightenment to me. Or then, one should go at the root of radical, which is root. Voters are starting to get to the root of the problem: they were manipulated by a class of greedsters who hold power…. And lied to get there.

Insufficient economic activity creates a plebs that does nothing but getting enough subsidies to get by, while a plutocracy rules above it. This is what happened to the Roman empire. Starting around 160 CE, taxes, especially on very rich estates became insufficient to support even the military.

Taxing the hyper rich then (as was done earlier under emperor Trajan) would have allowed to re-institute welfare for children, and make the military as strong as it was under Trajan (that, in turn brought peace and prosperity).

Are we not learning history?

Patrice Ayme’

Times: New York Heavens For World’s Wealthiest Criminals

February 8, 2015

There is a major article on the effect of shell companies and secret malevolent wealth increasingly hiding in New York (and the USA in general).

In at least 55% of properties worth more than five million dollars in New York City, the owners are kept hidden. The New York Times details a particular case. The most expensive real estate is booming, worldwide, because plutocracy is booming. A Gauguin painting was just purchased by an Arab plutocrat for 330 million dollars. Plutocrats have more wealth and power, and stealth, than ever.

Tallest Roof Building in the West. Highest Apartments $100 Million Each.

Tallest Roof Building in the West. Highest Apartments $100 Million Each.

[Notice that this plutocratic building, the 426 meters tall 432 Park Ave. is higher than the top floor of the 1 World Trade Center, the so-called “Freedom Tower”, visible just on the immediate right. A fitting symbol! Plutocracy dominates Freedom.]

In “Stream of Foreign Wealth Flows to Elite New York Real Estate” February 8, 2015 the Times reveals that:

“Behind the dark glass towers of the Time Warner Center looming over Central Park, a majority of owners have taken steps to keep their identities hidden, registering condos in trusts, limited liability companies or other entities that shield their names. By piercing the secrecy of more than 200 shell companies, The New York Times documented a decade of ownership in this iconic Manhattan way station for global money transforming the city’s real estate market.

Many of the owners represent a cross-section of American wealth: chief executives and celebrities, doctors and lawyers, technology entrepreneurs and Wall Street traders.

But The Times also found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world, either personally or as heads of companies. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities.

The foreign owners have included government officials and close associates of officials from Russia, Colombia, Malaysia, China, Kazakhstan and Mexico.

They have been able to make these multimillion-dollar purchases with few questions asked because of United States laws that foster the movement of largely untraceable money through shell companies.

Vast sums are flowing unchecked around the world as never before — whether motivated by corruption, tax avoidance or investment strategy, and enabled by an ever-more-borderless economy and a proliferation of ways to move and hide assets.

Alighting in places like London, Singapore and other financial centers, this flood of capital has created colonies of the foreign super-rich, with the attendant resentments and controversies about class inequality made tangible in the glass and steel towers reordering urban landscapes.”

I contributed the following comment to the preceding. This comment, underlined below, was censored by the New York Times. It is interesting to wonder why:

Cities such as London and New York have officially called the world’s richest people to come live there, and escape taxation.

Thus the United States has become the world first tax haven. It’s followed by the United Kingdom, with its archipelago of tax havens, from the Channel island of Jersey, the world’s number one exporter of… bananas, to the British Virgin islands, with half a million shell companies and Apple funneling through hundreds of billions dollars…

Shell companies may exist on paper only, with no real employees nor offices. They are untraceable. Thus perfect for money laundering, giving and taking bribes, sanctions busting, stealing, drug trafficking, tax evasion, financing terror, religious fanatics, and plutocratic plots. The trail has gone cold in countless criminal probes, because law enforcement was unable to pierce through a shell’s corporate veil.

One of the problem with home ownership is that prices have kept climbing, while incomes have been (at best) stagnating. International plutocracy has pushed real estate prices up in major cities, worldwide. They escape even most of local taxation by setting up shell companies. They don’t contribute to the local economy.

The preceding four paragraphs of mine are pretty much well established. Yet the New York Times found something to censor. Censorship is a delicate thing. The NYT is navigating delicately between Pluto propaganda that feeds it, and the necessity of talking about what everybody can increasingly see.

Here is an extensive quote from the NYT:

“it is nearly impossible to establish with certainty the source of money behind shell companies. Purchasers can register shell companies in the names of accountants, lawyers or relatives. Purchases are often made not just by individuals but on behalf of groups of investors or numerous family members, further obscuring the origin of the funds. What is more, ownership of shell companies can be shifted at any time, with no indication in property records.

The high-end real estate market has become less and less transparent — and more alluring for those abroad with assets they wish to keep anonymous — even as the United States pushes other nations to help stanch the flow of American money leaving the country to avoid taxes. Yet for all the concerns of law enforcement officials that shell companies can hide illicit gains, regulatory efforts to require more openness from these companies have failed.

“We like the money,” said Raymond Baker, the president of Global Financial Integrity, a Washington nonprofit that tracks the illicit flow of money. “It’s that simple. We like the money that comes into our accounts, and we are not nearly as judgmental about it as we should be.”

In some ways, officials are clamoring for the foreign wealthy. In New York, tax breaks for condominium developments benefit owners looking for a second, or third, residence in one of Manhattan’s premier buildings. Mayor Michael R. Bloomberg said on his weekly radio program in 2013, shortly before leaving office: “If we could get every billionaire around the world to move here, it would be a godsend.””

So why did the NYT censor my own comment? The most offensive part was: Cities such as London and New York have officially called the world’s richest people to come live there, and escape taxation.

However, this is a fact.

Foreigners sheltering capital in the United Kingdom and the USA pay no tax. “every billionaire around the world to move here” was Thatcher’s explicit strategy. As the New York Times revealed, those don’t even pay local taxes.

For shell companies, related crimes, and other plutocratic plots:

https://patriceayme.wordpress.com/2014/07/06/usa-financial-extortion/

The New York Times February 8, 2015:

“One type of corporate structure now commonly used in real estate transactions, limited liability companies, or L.L.C.s, did not even exist in the United States before the late 1970s. At first, they were primarily used by oil and gas traders in Wyoming to shield individual owners from liability — if, say, a well worker was hurt — and to avoid taxation of both the company and the investor.”

The end result is that honest people making an honest living find ever more difficult to find decent, affordable housing. Throughout the West. This, in turns, augments taxes of citizens, demotivate workers, and contribute to the general economic malaise.

The New York Times admits there is a problem:

“About a year ago, after the Group of 8 industrialized nations issued goals requiring identification of shell company owners, a British representative met with Justice Department officials to complain about the United States’ failure to comply.

According to two people at the meeting, the British representative, Dominic Martin, delivered a stern message: The lax American laws were being used by other countries as an excuse for inaction.

Such a message resonates with Justice Department officials who have advocated tightening the rules.

“For a long time we’ve taken the view that you have to focus on the people that manage the gateway to the financial system, and those guys are not only the banks,” said Stefan Cassella, a Justice Department lawyer. “Bad guys who are trying to invest money in the financial system — they use lawyers, they use accountants, they use real estate, they use jewelers and private jets.””

Law is local, plutocracy is global. USA based plutocracy has tried very hard to make sure that the USA stays the (control) center of world plutocracy. Hence the nice treatment for foreign plutocrats.

In general, USA legislation, or lack thereof, plus deregulation (from Clinton’s era) has been all too favorable to the hyper wealthy, not just on an individual basis, but as a class.

We were fed the propaganda drivel that the wealthiest are “job creators”, and wealth creators for all, and so ought to be taxed less, and they have been, now for decades. However the law of compound interest says that the more wealth, the easier is it to get more. To prevent that societies have invented progressive taxation.

Except, of course, in plutocracies, by quasi-definition, the richest go tax-free (European aristocracy did not pay tax). Thus, the very fact that the wealthy are taxed less is an indication of our rush to plutocracy.

NYT again: “The precise impact of wealthy foreigners on the city may be more complex, though. As nonresidents, they pay no city income taxes and often receive hefty property tax breaks. A program aimed at new condo development doles out about a half-billion dollars in tax breaks a year, according to the city’s independent budget office. These savings are passed on to owners in the form of lower property taxes. The Time Warner Center was not part of the most lucrative tax break program, but many other buildings around Central Park have benefited.

The city’s first condo costing more than $100 million, which sold in the last few weeks at the new luxury tower One57, had property taxes this past year of $17,268, according to the city’s finance office. Those taxes will go up over time, but for now that is a savings of more than $359,000.

The Fiscal Policy Institute, a nonprofit in New York, recently suggested a downside to the influx of billionaires who are in the city only sporadically.

“In terms of the local economy, you don’t have people who are going to plays, going to restaurants,” James Parrott, the institute’s chief economist, said. “They’re not spending at the dry cleaners, the grocers and all of that, so it deprives New York of all that local multiplier effect.”

What is more, Mr. Parrott said, the skyrocketing prices of the pieds-à-terre are affecting the price of real estate in the city more broadly. “There’s a downside to having such pressure at the top. It pulls up the prices overall. When owners of $10 million condos see that there’s a big market for $95 million condos, they’re more likely to raise their prices,” he said. “Then the person at $2 million raises his prices, then the person at $1 million sees that and there aren’t any prices below $1 million.””

Home Ownership Declining In the USA Because Homes Are Too Expensive Relative to Stagnating Incomes

Home Ownership Declining In the USA Because Homes Are Too Expensive Relative to Stagnating Incomes

So much for the Obama prosperity.

Prosperity in the Hamptons, destitution elsewhere.

The leadership of the USA has engaged in a deliberate take-over by the wealthiest. An example is FATCA, a legislation to reveal money held overseas mostly by middle class USA citizens working overseas. FATCA was imposed on countries worldwide. This has given a weapon for USA authorities to crack-down on foreign banks and investment firms. The result? The USA controls, or more exactly, possesses, much more of the secret (“Dark Pools”) money than before. Indeed, that was not to decrease the secrecy. Quite the opposite. The practical effect is that most money centers, worldwide have been infeodated to New York and Washington now, more than ever.

Much of the class of people gravitating around the leadership of the USA has perceived, consciously or not, that helping world plutocrats and other malefactors, was useful to augment the power of the USA leadership. So this will go on, until, We the People of the USA realizes that the rise of plutocracy is not in their best interest. (If and only if We The People has still enough power to do something about it!)

So it is nice that the New York Times is revealing the problem. However, the fact they censor comments such as mine shows that they are clearly revealing only what everybody already sort-of knows. I went one truth (or two) too far. Revealing that the USA is the number one tax heaven for plutocrats, that’s definitively too far. So, crack, censored, for an imprudent, and impudent, truth.

England and the USA have made a Faustian bargain with Pluto (who else?): they gained wealth, but lost their soul. Understanding global plutocracy’s dark machinery offers an opportunity to recover both.

In Greek mythology, one of Pluto’s characteristics, was his ability to make himself invisible. (Something Pluto Putin cultivates in Ukraine, and throughout Western media.)

At its peak, the Roman empire taxed wealth to finance the education and welfare of poor children. This rested on a cadastrum, a repertory of wealth in the empire. We need the same, worldwide. And then we need to tax wealth. And we need force to do both.

Force in the service of goodness is no sin. Love and weakness in the service of evil has no future, but mayhem.

Patrice Ayme’

USA Financial Extortion

July 6, 2014

Individuals (famous economists), and organizations that are profiting from the present oligarchic system cannot be too critical against what feeds them. One has to read beyond the mellifluous lines.

Here is The Economist, June 28, 2014:

“Share and share alike… America should also embrace the OECD’s efforts, already backed by more than 50 countries, to create a truly multilateral system in which tax information on residents’ accounts and certain investments is shared annually. For that to work, America would need to hand over data similar to those which it demands from others—something it has hitherto appeared reluctant to do. The financial superpower looks ever more a regulatory bully, setting rules it ignores itself.

Bullies Kill, Vultures Feed, Justice The Old Fashion Way

Bullies Kill, Vultures Feed, Justice The Old Fashion Way

Setting rules for others one ignores for oneself is the essence of viciousness.

The financial superpower looks ever more a regulatory bully?

The USA is a financial bully, and it started in 1944, when the USA tried to bully Lord Keynes himself (head of the currency commission at Bretton-Woods), into accepting the Dollar of the USA as the world’s reserve currency.

The fact that it started so long ago means that the bully’s institutions have evolved accordingly. A particular case if American justice, which finds American violence to be just: the case of the vulture funds is exemplary. Whoever stands in the way of American vultures is unjust.

Keynes wanted to use the International Monetary Fund to create “Drawing Rights” as needed, a solution Dominique Strauss-Kahn implemented to the tune of 450 billion dollars until his fateful encounter with the maid from hell, taken super seriously by New York “Justice” (until she proposed so many tricks to the officers in charge of “protecting” her, that, well, it was embarrassing, even for New York “Justice”).

Keynes resisted totally, so the government of the USA forged the documents that made the USA into the one and only financial superpower. When Saddam Hussein begged to differ, and started to use Euros, he was hanged. So the BNP executives, who have not been executed yet, ought not to complain too much, as The Economist astutely points out, somewhere else.

What is The Economist alluding to above? “… hand over data similar to those which it demands from others.” To the fact that the USA is the world’s largest tax haven for global plutocrats, while busy destroying all other tax havens. The destruction of Swiss banks and bankers is exemplary that way.

In other words, the USA sucks up capital from all over the world, by stealing other countries’ taxes (as it provides plutocrats, worldwide, to escape taxation, thanks to… Delaware).

Says The Economist in: “Tax havens, The missing $20 trillion How to stop companies and people dodging tax, in Delaware as well as Grand Cayman”: a lower rate on a broader base, combined with vigilance by the tax authorities, would be more efficient and would probably raise more revenue: America, whose companies face one of the rich world’s highest corporate-tax rates on their worldwide income, also has some of the most energetic tax-avoiders.

These reforms would not be easy. Governments that try to lower corporate tax rates will be accused of caving in to blackmailing capitalists. Financial centres and incorporation hubs, from the City of London to Delaware, will fight any attempt to tighten their rules. BUT IF POLITICIANS REALLY WANT TO TAX THE MISSING $20 TRILLION, THAT’S WHERE THEY SHOULD START.”

From the horse’s mouth: to tax the missing $20 trillion, start from London to Delaware… Exactly what I have been saying for years. The global financial exploitative mess is part of an Anglo-American imperial situation.

I have condemned the way “judicial” authorities in New York siding with the financial vultures therein. The Economist now agrees with me, and goes somewhat further, as it alleges state corruption. Here is an extensive extract from:

BNP Paribas in the dock: No way to treat a criminal. The French bank deserved a clobbering, but America’s legal system looks like an extortion racket.

BNP argues that it broke no European laws… That is true enough, to Europe’s shame… It is also true that the underlying transactions had nothing to do with America, but because they were denominated in dollars they had to be cleared in New York, which provided America’s lawmen with a toehold.

But the guilt of a suspect and the justice of a cause do not make a tribunal fair. And America’s system for pursuing errant banks, especially foreign ones, is anything but fair… BNP had little choice but to settle. Defeat in court might have led to the loss of its American banking licence—a death sentence for a big international bank. America’s prosecutors can also wield the threat of criminal charges against individual bankers.

Bank against the wall

Not only were BNP’s tormentors, such as Benjamin Lawsky, New York’s politically ambitious banking regulator, able more or less to dictate their terms, they also had an incentive to make the fine as big as possible because the agencies involved divvied up much of it among themselves. Mr Lawsky’s outfit gets $2 billion, four times its annual budget, which it will triumphantly deposit in New York state’s depleted coffers.

There are no meaningful checks on this process, let alone a plausible procedure for BNP to appeal. Bank bosses cannot even publicly criticise deals they agree to under extreme duress. No precedent is set and no guidance provided as to the limits of the law and the proportionality of the punishment.

So even if BNP fully deserves its punishment, the legal system that meted it out is closer to an extortion racket than justice. France’s economy minister, Arnaud Montebourg, has compared America’s pursuit of BNP to “economic warfare”. In other words, a bank that catered to mass murderers has had some success in portraying itself as a victim. Any process that can make BNP’s dealings with Sudan look anything less than shameful must be very flawed indeed.”

“Catered to mass murderers”? Is that not the story of the invasion of Iraq by the USA? Did BNP invade Sudan? Is the USA pursuing the invaders of Iraq?

No, the USA is using imperial might in ways very similar to Putin. (Putin also has laws and judges and Congress on his side, nota bene.)

Two months ago Argentina reached a settlement with the Paris Club, a group of government creditors.

On June 16th the Supreme Court of the United States decided twice in favor of NML Capital, a “vulture” fund (and subsidiary of hedge fund Elliott Management) that snatched dirt cheap bonds after Argentina’s 2001 default. The fund and its plutocratic owners have since pursued the country for the payment of all principal plus outstanding interest in US courts. For at least 1.6 billion dollars.

The ability of struggling countries to restructure their debts has been dented. Hold-outs everywhere have greater incentive to litigate; creditors who might accept exchange offers could see them gulped down by vultures, catered to by USA judges.

Those who play with fire to burn others may find where the concept of “backfiring” comes from.

Patrice Ayme’

Worse Than The 1930s

December 15, 2013

GREATER DEPRESSION II.

I have long argued that we are in a Greater Depression. See: https://patriceayme.wordpress.com/2011/07/23/greater-depression/

Europe is actually doing worse, GDP-wise, in the aftermath of the 2007 crisis than it did in the Great Depression shock of 1931. Actually these are the early stages of the greatest catastrophe ever known to have struck the genus Homo, I claim, and will so develop, lest drastically new thinking is applied. Krugman is slowly coming on board.

In the 1930s, the word “plutocrat” was well known, & an object of contempt. In the early 1930s, revolution was simmering; the governments had to do something. The USA & UK went into full, Soviet-like, command & control economy to rearm. FDR launched a program of construction of no less than 24 giant (“fleet“) aircraft carriers in 1933!

In “If Only It Were the 1930s” Krugman shows the latest graph of relevant GDPs.

Worse Than 1930s Great Depression

Worse Than 1930s Great Depression

[Germany, UK and USA were not in the Gold Bloc, but applied pretty much the Sterling method: default. France refused to default thus kick back on her armament program… When war against Hitler was already in full swing (1939-1940)]

Says Krugman:  the UK actually had a substantially higher ratio in the 1930s— and even more so after World War II. How did it deal with this debt? Not through the recipe currently being imposed in Europe, of fiscal austerity and internal devaluation. Instead, the UK relied on a cheap-money policy that produced low interest rates and moderate inflation — “financial repression” — with the central bank “subservient” not just to the government, but to government debt-management policies.

Amusingly, but tellingly, Krugman forgets to mention that the USA devalued in 1933 (devalued its debt, that is). That’s one of the first things Roosevelt did, hence the hatred of bankers.

Nowadays, erroneous policies boil down to who owns the world. The world has been colonized by the plutocrats. To service them, they impose slavery on all.

Little economists paid for sleek plutophile propaganda form a crucial, well rewarded, part of the scheme.

(Otto Rehn, by the way is thinking to run as a major extreme right wing politician in the coming European elections; thus the European Commission is led, in economic & financial matters, by a declared right wing extremist, and an ambitious one, indeed, not the cool technician he claims to be… hence his rage against socialist France.)

The radical solution is to default on the debt (I have advocated this long ago in: ”To Save The World, Please Default”). https://patriceayme.wordpress.com/2011/09/14/to-save-the-world-please-default/

Or at least default on interest payments. That could be done right away. Plutocrats would not be happy, they would plot.

To shut plutocrats down entirely, establish a worldwide register of property, and tax plutocracy accordingly.

Using force is not as utopic as it sounds: the Swiss Parliament just denounced a fiscal accord between France & Switzerland. What’s next? France will use force and impose whatever it has decided Switzerland will do fiscally. That involves, among other things, not just taxing French plutocrats hiding in Suisse, but also 190,000 Swiss citizens.

Some will say: “Is not force bad? If France uses force against Switzerland, surely, this is bad.” Well, no. First, force is already used. Plutocracy is satanic violence, the worst side of man, ruling. Second, force in the service of goodness is always good, just as weakness in the service of badness is always bad. The difference? Morality.

At that point the famous John from Hartford, who is paid to sound smart on the behalf of the plutocracy, intervened. Said he: “Default on the debt? Yes I can see that doing wonders for growth and employment when personal and corporate credit in the US economy totals around $60 trillion compared to the less than $3 trillion of cash in circulation.”

John meant to be sarcastic, but he is just idiotic instead. I politely replied: John, thanks for pointing out this misunderstanding. Please pay attention to the context. We are talking about government debt. This is in the name of what the austerity is done. First point. I would be glad if this got cleared up in your mind, all the more since you are probably not the only such case.

Second point: money is created through credit from private banks or dark pools, in normal circumstances. But, for example before and during WWII, this was thrown out of the window, when a command and control system was put in place.

That the USA required Great Britain to pay its war debt after 1945 was hostile to justice, decency, civilization, and highly detrimental to the British economy. That was made possible only by a British elite sold to Washington. That this is still going on today does not mean it will, tomorrow.

All governments’ fiscal problems would vanish if the hyper rich were taxed enough to kill the plutocratic phenomenon. This is a necessity, not to re-establish fiscal balance, but to re-establish civilizational balance.

Oh, by the way, John Hartford is grossly ignorant of what happened in the 1930s. Then all major governments (USA, UK, Germany) but for those on the gold standard (France) defaulted. The non-default of France was a disaster for the French economy.

Patrice Ayme